Tinkoff Credit Systems Named Russia's Bank of the Year

MOSCOW, February 21, 2013 /PRNewswire/ --

Tinkoff Credit Systems (TCS Bank) dominated the annual banki.ru Bank of the Year awards, scooping both the flagship award of Bank of the Year and also being named Internet Bank of the Year. Back-office chief Artem Ishonin won the Client Facing category based on readers' votes for the best telephone hotline.

"We are absolutely delighted with this success," said Oliver Hughes, President of TCS Bank. "TCS Bank has blazed a trail for Russian banks with its innovative high-tech model that has made credit and payment services available to millions of people across Russia. These awards are recognition of the hard work of our whole team over the past seven years, and we are confident of many more years of success to come.

"We are very proud of TCS Bank's entrepreneurial approach, advanced risk management and a relentless focus on providing superb service to our customers. This year promises to be even better for TCS Bank, and we excited about bringing new products and services to market. We look forward to many more years of growth as we continue to build Russia's best credit-card institution," Hughes said.

TCS Bank also took third place in the People's Choice category voted for by banki.ru readers.

The sixth annual Bank of the Year awards organised by leading financial sector website banki.ru were held last night at the Lotte Hotel Moscow.

About Tinkoff Credit Systems

Tinkoff Credit Systems is Russia's first online-only bank and fourth largest credit card issuer, with more than 3m cards issued. Founded in 2006 by the entrepreneur Oleg Tinkov, TCS Bank had a market share of 7.2% as of 1 January 2013, up from 5.8% a year earlier, with a credit card portfolio of RUB 48 billion. TCS Bank reported net profit under Russian Accounting Standards of RUB 4.079 billion for 2012, up 84% year-on-year. Revenue was RUB 47.049 billion. As of January 2013, the bank's equity was RUB 11.224 billion, an increase of 173% on the previous year. https://www.tcsbank.ru/eng/about_bank/